External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Credit demand remains healthy – HDFC Bank (HDFCB) continues to witness strong credit off-take within the retail segment with growth being broad-based.</li><li>Similarly, the demand from the NBFCs, PSUs, PLI-related and Infrastructure sectors in the wholesale credit segment continues to remain buoyant.</li><li>Asset Quality remains stable – While slippages during the quarter were marginally higher owing to the seasonal slippages from the agri book, we expect the bank’s slippage ratio to gravitate to long term average of ~1.5-1.7%.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Credit demand remains healthy – HDFC Bank (HDFCB) continues to witness strong credit off-take within the retail segment with growth being broad-based.Similarly, the demand from the NBFCs, PSUs, PLI-related and Infrastructure sectors in the wholesale credit segment continues to remain buoyant.Asset Quality remains stable – While slippages during the quarter were marginally higher owing to the seasonal slippages from the agri book, we expect the bank’s slippage ratio to gravitate to long term average of ~1.5-1.7%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HDFC Bank Ltd - Steady Quarter, Growth Momentum Likely To Sustain!